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347 W Broadway
New York, NY 10013 SoHo

$4,000,000 USD

Apartments Condo For Sale  •  2,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,250 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1910
  • Zoning M1-5B
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 1 Retail 2,200 SF $4,000,000 USD
  • Unit Size: 2,200 SF
  • Condo Use: Retail
  • Price: $4,000,000 USD
  • Sale Type: Investment
  • Price/SF: $1,818.18 USD
Sale Notes
347 West Broadway presents a rare opportunity to own a fully occupied ground-floor retail condominium in the heart of Manhattan’s SoHo shopping district. Positioned along one of the most prestigious retail corridors, the property combines strong real estate fundamentals with an attractive income profile. The 2,200 SF unit is leased to Jenna Perry LLC, a well-established hair salon and stylist training business, ensuring steady cash flow backed by a personal guaranty from the tenant.
The lease commenced in December 2021 and runs through December 2031, featuring 3% annual rent escalations. The current annual rent is $260,981.40 and will continue to increase annually over the remaining term. The tenant assumes 100% of common area charges and real estate tax escalations, minimizing the owner’s operating responsibilities and expenses.
This asset offers investors secure, predictable returns in a high-demand, supply-constrained submarket. Surrounded by world-class retail, dining, and lifestyle destinations, 347 West Broadway provides long-term stability and an exceptional address in one of New York City’s most desirable neighborhoods.

Highlights

Located in SoHo, Manhattan’s premier luxury retail corridor.
Fully occupied under a long-term lease through December 2031.
Contractual 3% annual rent escalations provide consistent revenue growth.
Tenant responsible for 100% of common charges and tax increases.
Minimal management commitment, offering a true turnkey investment.
High-barrier-to-entry location with strong surrounding co-tenancy and foot traffic.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 3 min 17 min 0.9 mi
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 4 min 17 min 0.9 mi
Transit/SubwayDriveWalkDistance
Canal Street (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
Canal Street (1,2 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway)) 1 min 4 min 0.2 mi
Spring Street (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 1 min 5 min 0.2 mi
Canal Street (N,Q,R Line) (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Canal Street (4,5,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway), J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
AirportDriveWalkDistance
LaGuardia 22 min - 10.0 mi
Newark Liberty International 18 min - 11.9 mi
John F Kennedy International 31 min - 18.2 mi
Jack Cohen 718-971-1675 JA Cohen Advisory Group
Jack Cohen 718-971-1675 JA Cohen Advisory Group